S.J.Res. 113Introduced25% passage probability
Blocking Climate Risk Rules for Banks — Plain-English Explanation
Bill: S.J.Res. 113Sponsor: Elizabeth Warren (D-MA)
In short: This bill would reject a rule that the Office of the Comptroller of the Currency (a banking regulator) just removed. That removed rule required large banks to manage financial risks related to climate change.
What does Blocking Climate Risk Rules for Banks do?
- This bill would reject a rule that the Office of the Comptroller of the Currency (a banking regulator) just removed. That removed rule required large banks to manage financial risks related to climate change.
- By passing this bill, Congress would officially disapprove of the decision to eliminate the climate risk management guidelines for big financial institutions.
Why does Blocking Climate Risk Rules for Banks matter?
- This affects large banks and their customers, as it determines whether banks must consider climate-related risks (like flooding or extreme weather) when making lending and investment decisions.
- Climate-related financial risks could impact loan availability, interest rates, and how banks manage money. Banks argue compliance is costly; supporters argue ignoring climate risks threatens financial stability.
What happens next with Blocking Climate Risk Rules for Banks?
- The bill was introduced in the Senate on March 5, 2026, and sent to the Banking Committee for review.
- Contact your Senate representatives to share your position on whether banks should be required to manage climate-related financial risks.
Primary Sponsor
Legislative Timeline
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate